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+0.6%Security firm questions THORChain decentralization after Bitget exchange hack
Image: Crypto.newsGoPlus Security challenged the decentralization claims of THORChain following the Bitget exchange hack. The security firm argues that validator-controlled threshold signature scheme vaults grant emergency powers absent on Bitcoin and Ethereum. GoPlus reported that 101.5 BTC valued at about $8.5 million from Bitget-linked flows moved through THORChain. Network documentation outlines emergency pause and Mimir voting mechanisms controlled by validators.
Key points
- GoPlus Security challenged THORChain decentralization following the Bitget hack.
- Validator-controlled threshold signature scheme vaults allow emergency pauses.
- GoPlus reported that 101.5 BTC worth about $8.5 million moved through THORChain.
Why it matters
Network design differences impact how cross-chain liquidity protocols handle emergency transaction halts and stolen funds during security incidents.
What's unclear
North Korean attribution for the Bitget-linked flows remains unconfirmed publicly.
Price context · RUNE
At publication
$0.7519
Now
$0.7592
Change since
+0.97%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
THORChain decentralization challenged over DPRK flows
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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